This module allows you to analyze existing cross correlation between Coinbase Bitcoin USD and Bitfinex Recovery Right Tokens USD. You can compare the effects of market volatilities on Coinbase Bitcoin and Bitfinex Recovery and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Coinbase Bitcoin with a short position of Bitfinex Recovery. See also your portfolio center. Please also check ongoing floating volatility patterns of Coinbase Bitcoin and Bitfinex Recovery.
|Time Horizon||30 Days Login to change|
Coinbase Bitcoin USD vs. Bitfinex Recovery Right Tokens
Assuming 30 trading days horizon, Coinbase Bitcoin USD is expected to under-perform the Bitfinex Recovery. But the crypto apears to be less risky and, when comparing its historical volatility, Coinbase Bitcoin USD is 2.54 times less risky than Bitfinex Recovery. The crypto trades about -0.15 of its potential returns per unit of risk. The Bitfinex Recovery Right Tokens USD is currently generating about -0.03 of returns per unit of risk over similar time horizon. If you would invest 6.63 in Bitfinex Recovery Right Tokens USD on May 24, 2018 and sell it today you would lose (1.13) from holding Bitfinex Recovery Right Tokens USD or give up 16.98% of portfolio value over 30 days.